Policy papers and policy discussion papers are focused on specific problems of economic policy. They serve as a tool of policy advice to the government and other organizations involved in the policymaking process on economic issues. Policy papers are published within the project “German Economic Team in Belarus”. They are prepared by the IPM Research Center economists and German experts, experienced in economic consulting of the governments in Ukraine, Germany and other countries.
RECENT PUBLICATIONS
PP/02/10 The Customs Union between Belarus, Kazakhstan and Russia: An Overview of Economic Implications for Belarus (PDF/119Kb) [26/07/2010]
Tochitskaya, I.
The paper examines the economic implications of Belarus' participation in the newly created EURASEC Customs Union. The results of the calculations show that after the introduction of a common external tariff the level of tariff protection in Belarus has not increased noticeably. The reduction in the volume of imports from non-CIS countries equal to USD 1.1 bn will be mainly brought about by cancellation of used cars imports from non-member countries. The analyses revealed that Belarusian budget can benefit from participation in the Customs Union. The amount of possible gain will be about 28.3% of total budget revenues from customs duties and customs charges in 2008 due to the fact that approximately 40% of Russian imports may go through customs clearance in Belarus.
PP/01/10 Dollarization in Belarus: Preconditions and Perspectives of Dedollarization Policies (PDF/183Kb) [26/03/2010]
Kruk, Dz., Giucci, R.
This paper deals with the phenomenon of dollarization that is peculiar for transition countries. Rather often dollarization is considered as one of the preconditions of financial distresses and as the factor that restricts the effectiveness of the monetary policy and makes exchange rate intervention more dangerous. Moreover dollarization may lead to additional distortions in the economy, implying restrictions on the economic policies. However, one can argue in favor of dollarization, which enables countries to avoid inflationary finance and thus introduces stability in the financial sector. We show that in case of Belarus, emphasizing real dollarization and cash currency substitution should be highlighted in one row with the financial dollarization, while they intermediate each other.
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